source avatarThe Great Martis

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KOSPI vs Taiwan Semiconductor Index .. two leaders in the semiconductor space that delivered euphoric, parabolic gains. Since peaking, the South Korean index has imploded, shedding 30%+ of those gains. The Taiwan index is now following suit. If it mirrors its rival, another 20% drop from current levels looks likely sooner rather than later.The bubble has popped. The laws of the parabola are in play. These two majestic, textbook-infamously bearish patterns are pure retail greed in action. KOSPI is nearing a breach. Lights out if the lower floor of the pattern gives way. Even after giving back 30%, another 30–40% downside over the coming months is probable. Taiwan is still churning, lagging its rival… but not for long. The party is over. Yet the drunken retail opportunists still see light even though the DJ has left and the bar has stopped serving drinks. More detailed report across many other sectors dropping for subscribers in the coming hours. Yours truly, The Great Martis✨

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